Tuesday, October 27, 2015

Turkey has filed an arbitration case against Gazprom, disputing the price for Russian gas, the head of press service of the country’s Ministry of energy and natural resources told TASS on Tuesday."On October 26, an international arbitration case was filed related to purchases of natural gas from Russia in the period from December 29, 2014," he said.

As TASS reported earlier on July 31, Russia’s Energy Minister Alexander Novak said that Gazprom and Botas had already reached an agreement on 10.25% gas discount. He added that the sides hadn’t signed any documents related to discount.

Gas discount for the Turkish state company is a compromise between Russia and Turkey within the intergovernmental agreement on construction of the 1st line of the Turkish Stream.

The Russian side has already submitted draft agreement and expects its signing will be combined with signing of the additional agreement on discount. [tass.ru]27/10/15---Related:

EL Kaos UT

The UN has imposed a 2013 deadline for the submission of scientific claims to the Arctic seabed. It is the precursor to a resource boom which would see Canada, the US, Russia, Norway and Greenland all attempt to exploit the region's resources.